Samsung C&T Corp Invests $46.75 Million in NuScale Power Co. (NYSE:SMR)

Samsung C&T Corp acquired a new position in NuScale Power Co. (NYSE:SMR - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 2,607,102 shares of the company's stock, valued at approximately $46,745,000. NuScale Power makes up 100.0% of Samsung C&T Corp's investment portfolio, making the stock its biggest position. Samsung C&T Corp owned about 1.02% of NuScale Power at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. raised its stake in NuScale Power by 8.2% during the fourth quarter. Vanguard Group Inc. now owns 8,427,917 shares of the company's stock valued at $151,113,000 after buying an additional 635,271 shares during the last quarter. Geode Capital Management LLC increased its position in NuScale Power by 7.4% in the fourth quarter. Geode Capital Management LLC now owns 1,965,456 shares of the company's stock worth $35,249,000 after buying an additional 135,613 shares in the last quarter. Van ECK Associates Corp raised its stake in shares of NuScale Power by 41.4% in the fourth quarter. Van ECK Associates Corp now owns 1,746,625 shares of the company's stock worth $31,317,000 after buying an additional 511,168 shares during the period. State Street Corp lifted its position in shares of NuScale Power by 10.2% during the 3rd quarter. State Street Corp now owns 1,674,995 shares of the company's stock valued at $19,396,000 after buying an additional 154,368 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership bought a new position in shares of NuScale Power during the 4th quarter valued at approximately $22,823,000. Hedge funds and other institutional investors own 78.37% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the stock. BTIG Research initiated coverage on shares of NuScale Power in a report on Friday, April 11th. They set a "buy" rating and a $20.00 price target on the stock. UBS Group lowered their target price on shares of NuScale Power from $25.00 to $17.00 and set a "neutral" rating on the stock in a research note on Friday, March 7th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $16.60.

NuScale Power Price Performance

Shares of NuScale Power stock traded up $0.12 on Friday, hitting $16.68. 4,584,292 shares of the company traded hands, compared to its average volume of 8,273,405. NuScale Power Co. has a 52 week low of $5.30 and a 52 week high of $32.30. The business has a 50-day simple moving average of $16.33 and a 200 day simple moving average of $19.98. The company has a debt-to-equity ratio of 0.26, a quick ratio of 2.24 and a current ratio of 2.24. The stock has a market capitalization of $4.71 billion, a P/E ratio of -17.56 and a beta of 1.64.

Insider Activity at NuScale Power

In other news, CFO Robert Ramsey Hamady sold 31,496 shares of the stock in a transaction that occurred on Friday, March 7th. The stock was sold at an average price of $15.70, for a total transaction of $494,487.20. Following the completion of the transaction, the chief financial officer now directly owns 29,985 shares in the company, valued at approximately $470,764.50. This represents a 51.23 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CTO Jose N. Reyes, Jr. sold 33,000 shares of the business's stock in a transaction on Wednesday, April 2nd. The stock was sold at an average price of $15.13, for a total transaction of $499,290.00. Following the completion of the sale, the chief technology officer now owns 516,207 shares in the company, valued at $7,810,211.91. This represents a 6.01 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 89,114 shares of company stock valued at $1,351,231. Corporate insiders own 1.96% of the company's stock.

NuScale Power Profile

NuScale Power Corporation engages in the development and sale of modular light water reactor nuclear power plants to supply energy for electrical generation, district heating, desalination, hydrogen production, and other process heat applications. It offers NuScale Power Module (NPM), a water reactor that can generate 77 megawatts of electricity (MWe); and VOYGR power plant designs for three facility sizes that are capable of housing from one to four and six or twelve NPMs.